7,200 Shares in Repay Holdings Co. (NASDAQ:RPAY) Purchased by nVerses Capital LLC

nVerses Capital LLC purchased a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,200 shares of the company’s stock, valued at approximately $59,000.

A number of other large investors have also added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of Repay by 182.1% in the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after purchasing an additional 1,503,919 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Repay by 8.8% in the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after buying an additional 233,334 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after buying an additional 158,668 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Repay during the 2nd quarter valued at about $1,365,000. Finally, Bank of New York Mellon Corp grew its position in Repay by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 1,451,665 shares of the company’s stock worth $15,330,000 after acquiring an additional 75,091 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays decreased their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Repay in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $11.00 target price on shares of Repay in a research note on Wednesday, July 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Wednesday, September 25th. Finally, Benchmark reissued a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Repay currently has an average rating of “Moderate Buy” and a consensus target price of $12.29.

Repay Trading Down 3.6 %

NASDAQ RPAY opened at $7.58 on Tuesday. Repay Holdings Co. has a 12 month low of $5.63 and a 12 month high of $11.27. The company’s 50-day moving average price is $8.14 and its 200-day moving average price is $9.32. The stock has a market cap of $770.36 million, a PE ratio of -7.73 and a beta of 1.44. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last issued its earnings results on Thursday, August 8th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $74.91 million for the quarter, compared to analyst estimates of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. Equities research analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Repay

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the transaction, the executive vice president now owns 240,130 shares in the company, valued at approximately $1,995,480.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 269,524 shares of company stock valued at $2,222,784 in the last ninety days. Corporate insiders own 11.00% of the company’s stock.

Repay Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.